Seller's Agent in 2018
Gregory Martire
Springer Realty Group
(484) 997-8068
216 Total Sales
1039 Penn St Reading, PA 19601
Penn's Common Neighborhood
Studio
--
Bath
4,858
Sq Ft
4,792
Sq Ft Lot
Highlights
- 0.11 Acre Lot
- No HOA
- Baseboard Heating
- Wood Flooring
- Energy-Efficient Appliances
- 3-minute walk to City Park
About This Home
As of November 2018Attention investors interested in Reading City - Package Deal $535K ((1039 Penn St. & 1041 Penn St. & 1042 Court St.) -! 6-unit, low-rise apartment building, fully leased. 6 Residential units (2-2Bed 3-1Bed 1-studio). $3,875 monthly income, $46,500 per year gross rents. Minus gross expenses: taxes ($2,270), Insurance ($1,889), Water/Sewer ($2040), Electric ($360), Trash ($396), only $579 a month! NOI is $3,296 per month or $39,552 per year! Each unit has separate electric meters paid by tenants. Annual rental license fee ($55) & rental permit ($50 per unit per year). Tenants pay natural gas hot water and electric baseboard heat. Full basement with plenty of room for storage. Cash Cow, Turn Key. Beautiful stone exterior, entrance & front porch with classic, original tile foyer. Amazing wood-work throughout including lobby & staircases. Large apartments with modern kitchens and modern baths. Newer hot water heaters and newer electric. Off street parking in rear. Recent improvements: Parking lot milling/leveled up/rolling, Apt. 1-R bedroom/bathroom/kitchen upgrade. Code inspected. Great exposure to Penn street. Annual other expense is trash. Owner is ready to enjoy retirement, this is a Great investment. - Package Deal $535K (MLS# 1002202524, 1002202428, 1002202826, 1002202706, 1002202864, 1002202904) ?
Last Agent to Sell the Property
(484) 498-4000 GregoryMartire@gmail.com Springer Realty Group License #RS225353L Listed on: 08/10/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,004
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x184
- South Facing Home
- Property is in good condition
Home Design
- Converted Dwelling
- Stone Foundation
- Stone Siding
Interior Spaces
- 4,858 Sq Ft Home
- Replacement Windows
Flooring
- Wood
- Tile or Brick
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Parking
- 8 Open Parking Spaces
- Private Parking
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
Schools
- Reading Senior High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 9348
- Assessor Parcel Number 08-5317-77-00-9348
Community Details
Building Details
- Electric Expense $360
- Insurance Expense $1,889
- Operating Expense $6,293
Additional Features
- No Home Owners Association
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/30/2018 11/30/18 | Sold | $225,000 | 0.0% | $46 / Sq Ft | |
| 09/13/2018 09/13/18 | Pending | -- | -- | -- | |
| 08/22/2018 08/22/18 | Price Changed | $225,000 | +4.7% | $46 / Sq Ft | |
| 08/10/2018 08/10/18 | For Sale | $215,000 | +62.9% | $44 / Sq Ft | |
| 07/31/2012 07/31/12 | Sold | $132,000 | -41.3% | $27 / Sq Ft | View Prior Sale |
| 07/20/2012 07/20/12 | Pending | -- | -- | -- | |
| 06/01/2011 06/01/11 | For Sale | $225,000 | -- | $46 / Sq Ft |
Source: Bright MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,091 | $113,900 | $36,400 | $77,500 |
| 2024 | $5,058 | $113,900 | $36,400 | $77,500 |
| 2023 | $4,979 | $113,900 | $36,400 | $77,500 |
| 2022 | $4,979 | $113,900 | $36,400 | $77,500 |
| 2021 | $4,979 | $113,900 | $36,400 | $77,500 |
| 2020 | $4,929 | $113,900 | $36,400 | $77,500 |
| 2019 | $2,004 | $46,300 | $29,000 | $17,300 |
| 2018 | $2,004 | $46,300 | $29,000 | $17,300 |
| 2017 | $1,990 | $46,300 | $29,000 | $17,300 |
| 2016 | $1,137 | $46,300 | $29,000 | $17,300 |
| 2015 | $1,137 | $46,300 | $29,000 | $17,300 |
| 2014 | $1,046 | $46,300 | $29,000 | $17,300 |
Source: Public Records
Agents Affiliated with this Home
-
Gregory Martire
-
Scott Martire
S
Seller Co-Listing Agent in 2018
Scott Martire
Springer Realty Group
(610) 357-9575
-
DIEGO LOPEZ
D
Buyer's Agent in 2018
DIEGO LOPEZ
United Real Estate Strive 212
(610) 741-9391
7 Total Sales
-
Michele McCartney
Seller's Agent in 2012
Michele McCartney
Keller Williams Platinum Realty - Wyomissing
(610) 587-1913
210 Total Sales
-
Penny Noll
Buyer's Agent in 2012
Penny Noll
RE/MAX
(610) 780-6688
70 Total Sales
Map
Source: Bright MLS
MLS Number: 1002202524
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